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ABC
Nov 11, 2012 7:00am EST
. >>> superstorm sandy would provide an economic boost to the auto industry. 250,000 new and used cars may haveve been n ruined by sandy. a lossss that could eventually lead to a spike in auto sales. overall consumer borrowing expanded in september but at a slower pace than the previous month. a sign buyers may be pulling back on credit card purchases. this is an important point cause consumer and consumer spending make up two-thirds of the u.s. economy. >>> what will a second term for president obama mean to the economy? will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thahank you. >> good to be with you. >> marty, both sides appear to be extending an olive branch when with it comes to the fiscal cliff. do you think we will reach a compromise? and if so how and when? >> i hope so. the consequence of not reaching th
ABC
Nov 18, 2012 7:00am EST
, marie a ya. >> t thank you for joining us. you are a rare breed. a top wall street exivutivee bu f close relationship with the president. talk tous about this drama over the fiscal cliff. are we still in the posturing stage? how does this play out? >> i hope it plays out with a deal the. i would have probably put it around 80% a deal, but i would have sliced it this way. i would say 50% of thahat 80 is they come up with like $60 billion, which is six months of the ten years of the 1.2 trillion sequester. >> okay. >> okay. so something like -- >> a drop in the bucket. >> a drop in the bucket. you could do that and if you were doing that you would have to say okay and we are going to pass the debt ceiling. that gets you to march enor april and it forms a good basis. >> what do you think of the reports out on friday that the white house is in advance talks to replace the sweeping cuts set to begin in january with a smaller package. are they in a advanced talks especially delaying the harder decisions until in to 2013? feels like the president's digging in. he doesn't want togive on t thi no
ABC
Nov 4, 2012 7:00am EST
adviser to george w. bush. thank you for joining us. >> thank you. nice to be with you. >> start with the job numbers on iday. the last jobs report before the election. what do they tell us about 34erk's economy today? what impact do you expect it to have on the election? >> i don't think it will have much impact on the election because it is not that a much different from the overall trend over the last year ito 18 months. i think it was a fairly solid number. certainly better than expected and you got some revisions upward on the jobs number itself. overall, growth has been relative ly modest in the u.s. and that's reflected in the jobs number. this is an encouraging month. you never want to make too much out of any one month. >> i was surprised at the numbers. ed, what do you think? >> i think there are good things that each candidate can take out of it. obviously the fact the unemployment rate ticked up to something governor romney will emphasize, higher than when the president took office. that's the headline number. i agree with austan. the fact you had 171,000 jobs this m
Search Results 0 to 2 of about 3